Canadian mining news

Gordon Stothart, Executive Vice President and Chief Operating Officer for IAMGOLD, has been elected Chair of MAC for the next two year term.

Strategic Resources has received TSX Venture Exchange approval to close its Vanadium Project options.

Alexco Resource Corp. closes its previously announced bought deal equity financing led by Cantor Fitzgerald Canada Corporation.

Denison Mines Corp. has begun its Environmental Impact Assessment (EIA) process at the Wheeler River Project in northern Saskatchewan (Canada).

Pure Gold Mining Inc. has launched an exploration programme at its Madsen Red Lake gold mine in Ontario (Canada), with a key highlight being the targeted expansion of mineral resources at Wedge, Fork and Russet South.

Northern Vertex Mining Corp reports the company’s financial results for the third fiscal quarter of 2019, ended 31 March 2019.

Agnico Eagle Mines Ltd achieved commercial production at its Meliadine mine on 14 May 2019.

Teck has announced a share buyback increase to CAN$1 billion and a redemption of US$600 million principal amount of notes.

Champion Iron Limited’s subsidiary Québec Iron Ore Inc. (QIO) has concluded an agreement in principal with la Caisse de dépôt et placement du Québec (CDPQ) for a preferred share offering of CAN$185 million to fund strategic initiatives and to refinance QIO’s current outstanding credit facilities.

Bonterra Resources has reported the results for its Mineral Resource Estimates for the Gladiator, Barry and Moroy deposits in the Urban-Barry Camp (Quebec).